Brookstone Capital Management Sells 8,071 Shares of CrowdStrike $CRWD

Key Points

• Brookstone Capital Management has reduced its stake in CrowdStrike by 11.3%, selling 8,071 shares during the second quarter, leaving them with a total of 63,605 shares valued at approximately $32.4 million.
• CrowdStrike reported earnings of $0.93 per share, exceeding expectations, and had revenue of $1.17 billion, representing a year-over-year growth of 21.4%.
• Analysts have positive outlooks for CrowdStrike, with several firms raising their target prices; Goldman Sachs increased their target from $492 to $535, indicating a strong interest in the company's stock.

Brookstone Capital Management reduced its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 11.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,605 shares of the company's stock after selling 8,071 shares during the quarter. Brookstone Capital Management's holdings in CrowdStrike were worth $32,395,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Cloud Capital Management LLC purchased a new stake in CrowdStrike during the 1st quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC boosted its holdings in CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after acquiring an additional 40 shares during the period. Vision Financial Markets LLC purchased a new stake in CrowdStrike during the 1st quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after acquiring an additional 58 shares during the period. Finally, Neo Ivy Capital Management purchased a new stake in CrowdStrike during the 1st quarter valued at about $30,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Stock Up 0.1%

Shares of NASDAQ:CRWD opened at $503.95 on Wednesday. CrowdStrike has a 52-week low of $294.68 and a 52-week high of $517.98. The firm has a market capitalization of $126.47 billion, a P/E ratio of -423.48, a P/E/G ratio of 118.34 and a beta of 1.19. The stock has a 50 day moving average price of $458.06 and a 200-day moving average price of $451.22. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.10. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the company earned $1.04 EPS. The business's revenue was up 21.4% compared to the same quarter last year. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. As a group, equities research analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Sameer K. Gandhi sold 6,250 shares of the firm's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $410.32, for a total transaction of $2,564,500.00. Following the completion of the transaction, the director owned 768,511 shares of the company's stock, valued at $315,335,433.52. This trade represents a 0.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George Kurtz sold 42,267 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total value of $19,040,015.49. Following the transaction, the chief executive officer directly owned 2,132,887 shares of the company's stock, valued at approximately $960,801,606.89. This trade represents a 1.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold 158,090 shares of company stock worth $75,500,649 in the last 90 days. Corporate insiders own 3.32% of the company's stock.

Wall Street Analysts Forecast Growth

CRWD has been the subject of several analyst reports. Truist Financial increased their target price on CrowdStrike from $500.00 to $550.00 and gave the company a "buy" rating in a report on Thursday, September 18th. The Goldman Sachs Group increased their target price on CrowdStrike from $492.00 to $535.00 and gave the company a "buy" rating in a report on Friday, September 19th. Robert W. Baird upped their price target on CrowdStrike from $460.00 to $490.00 and gave the company a "neutral" rating in a research report on Friday, September 19th. Deutsche Bank Aktiengesellschaft upped their price target on CrowdStrike from $430.00 to $435.00 and gave the company a "hold" rating in a research report on Thursday, September 18th. Finally, Bank of America upped their price target on CrowdStrike from $470.00 to $535.00 and gave the company a "neutral" rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, CrowdStrike currently has an average rating of "Moderate Buy" and a consensus price target of $496.47.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.

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